Freight forwarder Panalpina is expanding its airfreight network to include Querétaro, Mexico. That comes as Mexican airfreight exports have climbed 10% in the past three months on a year earlier and by 7% annually over the past three years. Exports from the Querétaro region are dominated by aerospace, with jet engines alone having accounted for 57% of shipments in the past year (of which 47% points went to the U.S.). Panalpina’s growth opportunities include targeting exporters in the electrical equipment and auto-parts industries.
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